January 07 - 11:01
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IoT security start-up Armis snapped up for $1.1 billion by Insight Partners
Global software investor Insight Partners is to acquire IoT security start-up Armis for $1.1 billion. It will continue to operate independently and be managed by co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO, and executive team. Armis lets organisations embrace unmanaged and IoT devices throughout their business, and is used by Allergan, Mondelez, Oracle and Sysco Foods, among others.
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